Good Films obtained $23.2 million in loans from Bank Leumi to produce the film, which was directed by Brad Furman, written by Christian Contreras and based on the novel by Randall Sullivan. According to the lawsuit, Open Road agreed to distribute the film domestically and pay a minimum $5.4 million guarantee directly to the bank, with Miramax getting the TV rights for a $4.25 million guarantee.

“A portion of the minimum guaranty, $5,949,609.85, was contingent upon Open Road fulfilling its commitment to release the Picture theatrically in the domestic territories in no fewer than 1,800 theatres with a P&A expenditure of no less than $10,000,000 (the “Sony Minimum Release Criteria Payment”),” the suit states.

“However, neither Open Road nor Miramax has paid the balance of its Minimum Guarantee due upon delivery of the Picture (they did pay deposits of 10% of their Minimum Guarantees as required by the IPA),” it continued. “Furthermore, Open Road has informed Good Films that it does not intend to release the Picture at all, thereby failing to satisfy its Release Commitment and, accordingly, interfering with Sony’s obligation to pay the Minimum Release Criteria Payment (assigned by Good Films to Bank Leumi).”

Both legal filings state: “To date, neither Open Road nor Miramax has paid its Minimum Guarantee. However, neither has stated any defense to payment under the IPA. And, as of this filing, Bank Leumi is owed principal of $19,427,101.87, along with interest of $273,533.62, for a total of $19,700,635.49, under the Loan Agreement.”

The film was set to be released in North America by Global Road Entertainment on Sept. 7, however, the studio chose to put the movie on hold as marketing such a film with Depp as a star would be a challenge right now, an individual with knowledge of the project told TheWrap at the time.

Last month, Gregg “Rocky” Brooks, the film’s location manager, filed a lawsuit and accusing Depp of assault and battery on the set in April 2017; Depp has vehemently denied the accusations.

The thriller looks at the murder of The Notorious B.I.G. shortly after the death of Tupac. Depp’s character, disgraced LAPD Detective Russell Poole has spent years trying to solve the crime, while Jackson (played by Forest Whitaker) is a reporter desperate for answers.

Global Road’s film division was effectively taken over by its creditors last week, after previously operating under the control of CEO Rob Friedman. It is now looking to sell off finished movies to recoup investments and stave off bankruptcy, a knowledgeable insider told TheWrap.

“The Silence,” a horror film lead by “Mad Men” star Kiernan Shipka, the live action-animation hybrid “Playmobil” and “City of Lies” are among the projects on the market, said the insider.

Pamela Chelin contributed to this report.

Johnny Depp's Year-Plus of Despair: From Divorce to Dog Drama to His 'Bad Joke' (Photos)

As a widely admired, reasonably well-paid movie star, Johnny Depp would seem to have a charmed life. But fear not, dear reader; he has problems, just like you. The past year or so has seen Depp endure his share of difficulties, including an embarrassing apology video spurred by a doggie snafu, a messy, public divorce and, most recently an industrial-grade backlash over an assassination joke he made about Donald Trump. Read on for a timeline of his recent troubles.

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After the deputy prime minister of Australia threatened to euthanize Depp and then-wife Amber Heard's Yorkshire terriers when the then-couple brought the pooches Down Under without declaring them, the "Pirates of the Caribbean" actor and Heard made nice in April 2016 with an exceedingly awkward apology video that was mocked by pretty much everybody, including Depp himself.

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The laughingstock video would soon turn out to be the least of Depp's concerns, as the next month Heard filed for divorce and sought a restraining order against the actor, alleging abuse by Depp.The divorce drama dragged out and made headlines for months.

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On Jan. 13, the same day that Depp finalized his divorce from Heard, Depp jumped into another legal entanglement, this time of his own making. Depp sued his former managers for $25 million, accusing them of "gross misconduct" while handling his financial affairs.

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Shortly thereafter, Depp's former managers filed a countersuit, claiming that Depp lived "an ultra-extravagant lifestyle" that he "simply could not afford." Among the alleged extravagances: Spending $30,000 a month on "expensive wine that [Depp] had flown to him around the world for his personal consumption.”

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Depp's latest headache came in June, following his appearance at the 2017 Glastonbury Festival. While introducing his new film "The Libertine," the actor took digs at President Donald Trump and joked, “When was the last time an actor assassinated a president?”

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Perhaps predictably (just ask Kathy Griffin), that didn't go over so well with many people, including the folks in the White House. A White House official issued a statement reading, “President Trump has condemned violence in all forms and it’s sad that others like Johnny Depp have not followed his lead. I hope that some of Mr. Depp’s colleagues will speak out against this type of rhetoric as strongly as they would if his comments were directed to a Democrat elected official.”

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The backlash prompted an apology from Depp, who issued an apology on Friday stating, “I apologize for the bad joke I attempted last night in poor taste about President Trump. It did not come out as intended, and I intended no malice. I was only trying to amuse, not to harm anyone.”

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From an awkward apology video to an ill-considered assassination joke

As a widely admired, reasonably well-paid movie star, Johnny Depp would seem to have a charmed life. But fear not, dear reader; he has problems, just like you. The past year or so has seen Depp endure his share of difficulties, including an embarrassing apology video spurred by a doggie snafu, a messy, public divorce and, most recently an industrial-grade backlash over an assassination joke he made about Donald Trump. Read on for a timeline of his recent troubles.